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Search Results 0 to 49 of about 253 (some duplicates have been removed)
Feb 21, 2013 9:00pm PST
>> the debt ceiling represents the equivalent of a massive fiscal heart attack. >> after the fiscal cliff... >> do you solemnly swear... >> extremely ideological people who have never governed are now in the congress. >> and when we first got here, we were patted on the back and said, "great, the cavalry has arrived." >> another crisis to come. >> deal-making is not part of the program of conviction politics. >> enough is enough. you will not spend another dime, you will not put us in hock. >> this is now one week from d-day. there's no deal. >> the fiscal cliff is a fiscal suicide vest. the whole place is going to blow up. >> frontline investigates the ongoing battle. >> throw the country into default. >> political armageddon >>what's the word, "madness?" >>tonight on frontline "cliffhanger" frontline is made possible by contributions to your pbs station from viewers like you. and by the corporation for public broadcasting. major support for frontline is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant and pea
FOX News
Feb 23, 2013 11:00am PST
? >> and figured i beat them on the debt ceiling debate in 2011 and beat them on the fiscal cliff, i can do it again. the polls show that the public will be with me. whether that's well-founded, we'll find out, but i think that's what's driving some of this. he feels as if he can win this. >> you think it may be overconfidence on the part of the president, and this is different than the other two fights that jason mentioned, how so? >> it absolutely is. republicans know that they got beat on the debt ceiling and the fact that they're embracing the strategy. it's a deliberate strategy. they're ready and willing to let this go into effect and think of it. step back and what are we talking about at the moment. what we're the not talking about is republicans lack of unity on taxes, we're talking about spending, we're talking about the size of government. we're talking about the president's addiction to spending, we're talking about priorities, this is exactly where the republicans want this to be. >> but could they split over defense spending, kim, where a lot of their members don't want the da
Feb 18, 2013 12:30am PST
bringing things to the brink with things like the debt ceiling, which i've been very vocal about republicans should not try to have that fight on the debt ceiling. but we have a budgeting problem in washington where, you know, the senate can essentially just walk away from the game of doing a budget in washington. that's never happened before. and now it's happened three years in a row. so the only way this system can budget is to do it on these crisis points. >> we have a budget problem, michael. and president squarely addressed the middle class this week. did you find it effective? how much time does a second-term president really have to implement a domestic agenda? >> i think about six to eight months because what happens is, even lbj in '65 or fdr in '37, after the enormous landslides, the two biggest congresses in the last 100 years, they knew if they waited longer than six to eight months, members of congress would be thinking about the next re-election. that he would always be a lame duck in the first year of his second term. so i think the president is right to act fast.
Feb 20, 2013 9:00am PST
. the sequester is not a cliff. it's not a cliff, curb, drop, it's not a debt ceiling, it just begins on march 1st. it doesn't mean anything gigantic happens. the cuts will be spread out over the course of a year. you don't make them all at once, but it's bad. it's a bad way to run a government, bad way to cut spending. jared will tell you he thinks the gdp numbers will be revised up, and i think he might be right, but from what we saw, we had a shrinkage in the fourth quarter of 2012, first time in years. that's the first step towards a recession. we had very, very weak policy throughout the course of the recession, in large part because we've been cutting too much from spending, basically, from 2009. so to do a big cut of a size that nobody expected to actually go into effect, it's bad management for the macro economy, for large programs, of course, but that said and the recent notes of the market freaking out, it is not doomsday. we have a tendency in washington of wildly overhyping everything we do. this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it doe
FOX News
Feb 22, 2013 9:00pm PST
ceiling. >> july, 2011 with budget and debt ceiling negotiations stalled, leaders from both parties tried to force a compromise and now bob woodward spoke, the price of politics details a white house idea to guarantee that their plan would lead to results down the road. at 2:30 p.m., jack lew and rob nabors went to meet with the chief. and we had an idea for a trigger, lew said. what's the idea, reid said skeptically. sequestration, it was a bomb no one wanted to drop and an action forcing event. >> we're going to be able to come to some agreement with the white house and end this impasse. >> we're been willing to say that there could be a sequestration as long as it included some revenue. >> and the automatic cuts would slash defense and domestic spending, both sides claim victory. >> 98% of what i wanted. i'm pretty happy. >> and leaders of both parties in both chambers have reached an agreement. it establishes a bipartisan committee of congress to report back by november. tough cuts that both parties would find objectionable would automatically go into effect if we don't have. >> one o
Feb 17, 2013 11:35pm EST
catch phrases like fiscal cliff and debt ceiling behind us, americans have something to worry about. is sequestration. the spending cuts would be imposed on march 1. democrats proposed a measure to delay cuts. >> we cannot cut investing in education and research and development. we need to get back to balance. >> we are talking to in a half percent of what we spend. this is the first year of 10 years in cuts, after you have to be realistic. families across the country have had their budgets cut by a larger than that. >> $85 billion in cuts could lead to furloughs. the pentagon fears this could have a drastic affect on military. many republicans say this is coming. >> we are here because the president refused to cut spending, and we have grown up with this. >> so there is still some uncertainty over the deadline, senator charles schumer appears confident the sequester will be avoided. >> there are those that do not need a favor of hardly anybody other than themselves and the few whose special interests are protected both sides are looking for a solution. it seems finding a solution h
Feb 17, 2013 9:39am EST
bump up against it and come up against the debt ceiling and the fiscal cliff usually we put it off but this is one i think that will cause tremendous damage and the -- >> $85 billion. >> with the congress gone for a week when do they have time to negotiate. >> $85 billion in a $3.5 trillion budget. >> and -- >> it will hurt the economy. >> if you lose your job i think it hurts you, don't you think. >> fundamentally, the debt we have at the moment is the bigger problem for the economy and job creation. the president -- >> chris: let me bring karl in here. one, to talk about the sequester and also, in a bigger sense, look at the president's state of the union speech and agenda he laid out and what does it tell us what he wants to do in his second term. >> spend a lot of money and pursue a lot of liberal social policies and also says he's out of touch with the reality of where the country is, the democrats spent the last week going around and saying we don't have a spending problem and on the fox poll 83% of the american people say we have a spending problem, i agree with kim, $85 bil
Feb 17, 2013 12:00pm PST
reasonable guy. senator, you were on the show in mid-january. we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what do you need to see in a bill to avoid the sequester sometime between now and the end of february? >> ali, first of all, as someone who did run a business for 22 years, i'm embarrassed about the way we're operating the country right now and i want to say that up front. sequestration is a bad idea. we ought to be doing our business, appropriating and budgeting, making decisions on cost-benefit analysis. these continual deadlines and cliffs is no way to run a country much less a company. >> when you run a company, you have these things called poison pills. that's what the sequestration was. right? something to awful it would prevent a certain course of action from taking place. why is it that elected officials don't treat that the same way that you would if you were in business? if you had a poison pill in your business to say if you don't do something x will happen or if you do x woul
Feb 22, 2013 2:00am PST
the sequester going into effect. the same thing happened with the debt ceiling fight and the fiscal cliff. you cover congress. why does everything get dragged out to the very last second? >> well, i think you just answered your own question. we're dealing with congress, and congress loves to wait for the last minute. we saw that with the debt ceiling debate from a couple years ago. we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks, the better he looks. how could that affect gun control reforms and immigration reform? >> there was an interesting poll that came out in "usa today" just yesterday showing that largely the american public agrees with the positions tha
Feb 18, 2013 5:00am EST
the government operating and the have to deal with the debt ceiling by midday. george lettis , wbal-tv 11 news. that brings us to our water cooler question of the day. do you think, or should be able to break for holidays before a major problems are resolved? you can share your response on, on our facebook page, or send us an e-mail to there is a bump in the road on immigration. >> someone leaked the white house plan and it is differed from what some lawmakers want. tracie potts has more. >> i am happy with the president. i'm optimistic we can get something done. >> other lawmakers are asking president obama to back off. allow them to become citizens within eight years. it does not guarantee border security. >> he is looking for a partisan advantage. >> this is the president torpedoing his own plan. >> the white house says it is backup plan. out, weose don't work will have an option we can put out there. >> does the president want date results or another cudgel to be up on republicans so we can get political advantage in the next election? >> congress will be
Feb 18, 2013 5:00am EST
obama's idea, part of the deal he made in exchange for congress raising the debt ceiling in 2011. the agreement was to find $1.5 trillion in deficit reduction over 10 years. now, as the deadline approaches once again, lawmaker and the white house trying to find common ground. >> the president promised it wouldn't happen. he is the commander in chief and on his watch, we're going to begin to unravel the finest military in the history of the world at a time we need it most. >> we look forward to working with our republican friends and colleagues in the house and senate to ensure it doesn't happen. >> reporter: the white house and congressional democrats are proposing a different way to get to that $1.5 trillion over 10 years. they would like to see rather than across the board spending reductions, some targeted budget cuts in different agency as well as an increase in tax revenue. but republicans say that is a nonstarter, that they already did tax hikes for the wealthy back in december, that they are not going to dip into that well one more time. how far, some prominent republicans
Feb 17, 2013 10:30am EST
's a level of brinks manship being played in congress. h.i.v. seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious, we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table, trillions of dollars of cuts. you just heard the chief of staff say they're willing to put $4 trillion in cuts but it has to be in a balanced way. the challenge i see right now, if this happens, the sequester happens, the cuts will be blunt, brutal and mind as opposed to being intelligent and insightful. and it will not invest. it will stop us from investing in those critical areas in america we must invest on if we want long-term economic growth. >> schieffer: mr. mayor, let me ask you one thing, frank lautenber, the long-term senator from new jersey said he will not seek reelection. you
Feb 23, 2013 4:30pm EST
? >> it is sort of a sensation that got us going. >> 2010 election? >> no. the debt ceiling fight. there were thoughts. >> when did you move to chicago? >> it kicked into high gear. jim was putting the mechanisms into place. we were doing the things that had to be done. i think everyone that very focused, at least on the message side. the debt ceiling fight, the numbers were as bad as they were throughout the whole presidency. the predecessors in washington were swirling around. our folks were nervous. it is clear that we were now in a situation where we had a fight and had to pull out of it. >> but the mechanism -- >> the mechanical things had to be done. we knew there'd be a big red married. we would -- there would be a big primary. it would come down to our advantage in terms of organization. >> when did you begin operationally? to do the programs and other things? >> i was there for 2009 and 2010. we knew what would come for the reelect. there were a lot of things that were under the radar. building on some of the internal polling that we did and really honing our 50 state strategy and tr
Feb 22, 2013 11:00am PST
mentioned, you know, as an effect, it's hard to get as agitated as you do about the debt ceiling and the federal government stops funding itself, that's a major part of the -- >> you say agitated v. you seen an angry person in a tsa line? it is not a pretty look. >> i'll be joined tweets to local representative. i think the reason why it's not having the affect that the debt ceiling had, that the two years ago, the whole august of 2011 had, is that people, one, have stopped believing the rhetoric of government. you say things fall apart one too many times, look, it hasn't and i'm not sure it will and from a purely financial perspective, it's not as damaging as eric cantor says they will be. >> molly, our first read team puts thit way. why the sequester probably will happen in the short term and the reasoning we have heard from both democrats and republicans is that republicans need the sequester to go through to show -- in order to prove the base that it is fighting obama. is that what you're hearing, as well? this is all about showing once again they're willing to fight obama? >
Feb 21, 2013 2:00pm EST
fatigue at this point. debt ceiling versus fiscal cliff and now the sequester and as jonathan pointed out, the sequester cuts kind of a rolling cut. they don't really get this. i'll say the white house is probably in a better position messagingwise because what they can do right now and what they are doing right now is pointing to the individual cuts and that resonates with voters and people who are monitoring the news, being able to say, oh, meatpackers can't inspect meat or longer lines at the airport. the resonates with people and effective messaging on their part and republicans don't have that same luxury right now. >> does it resonate only with the people that agree with the president? you talk about, for example, not likely that the republicans in the reddest part of the country receiving calls of constituents. is this again another situation where it resonates? if that's what you believe and going back to the core of this, this huge gap in this country and in people elected to represent us on what should be done particularly when it comes to tax revenue, shira? >> well, i think th
Feb 22, 2013 5:00pm EST
. >> like a 2010 election? >> the debt ceiling site. there were obviously thought given to this. >> that is one everybody -- jim was putting the mechanisms in place. he was putting mechanisms in place and we were doing girly things that had to be done. everyone was very focused. at least on a message side. it was a line of demarcation, the debt ceiling numbers weren't as bad as they were throughout the whole presidency. the rumors were swirling around and our folks were nervous. it was clear that we were now in a situation where we have to fight. so there were artier mechanical things that have to be done. one of the things that we knew is that they were going to have the big primary and we would have time to put things in motion. >> genin larry, can you talk abt the program? >> well, i was at the dnc. so a lot of the work we did there was building the foundation of what we knew would come for the reelection. while it wasn't a permanent campaign, there were a lot of things that were under the radar. building on some of the internal polling that we didn't, really honing the strat
Feb 20, 2013 4:00am PST
of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, president obama called sequestration "a meat cleaver approach." "these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousand of americans to the unemployment rolls. this is not an abstraction; people will lose their jobs." automatic cuts in federal funding were meant to scare congress into compromise. at risk, fema grants to pay firefighters during disasters, loan guarantees to small businesses, fewer food inspectors, border patrols, and air traffic controllers, to name a few. "i've never taken the sequester seriously. it's a gimmick to reach agreement." economics professor lawrence officer thinks a deal is likely. "i'm not going to lose sleep over it. congress will rescue it in the end, if not before." house speaker john boehner criticised the president's less-than-two-week countdown,
Feb 22, 2013 4:00am PST
driving behind this market. so, that is number one. secondly, the sequestration process and debt ceiling is upon us again, as well as, let's not forget, italian elections later this month, which could have some impact on europe and maybe could be a little eventful as far as things go over there, which could impact u.s. markets as well. > what do you view as money- makers in this market? > > it is almost like anything you touched here in this rally's been ok, but i more favor stocks that supply the infrastructure, such as some industrials, materials, perhaps shying away from overvalued sectors like utilities and telecoms. i still like perhaps some of the minors, and some of these mlp and pipeline plays or energy infrastructure plays as well. so there are ways, there's places to go in the market here. but i do think the rising tide lifted all boats, so as the market corrects, the boats will sink together as well. i'm not calling an end of the market, but a correction, and i think that's when you need to get your list out and make additional purchases if you need to get more invested and so
Feb 21, 2013 2:00am PST
furloughing workers. that will cut pay scales by 20%. >> this sequester came out of the debt ceiling crisis out of 2011. it was pushed back to march from january. it goes on and on. is this how congress is doing business now, they're putting everything off? >> that's the best result that we can expect these days. congress seems to get us in one mess or another. and then they go off on vacation like they have right now which is a regular thing in congress which is something that they're never going to give up. >> let's turn quickly to the president obama's approval rating, at 55%, why do you think that is? >> because he won the election and because there's a disabeautiful rating for congress that's so high. what the republicans are trying to do is to try to run out the clock. the further they can get from the election they know all of this turmoil is going to cause obama ratings to deteriorate. >> all right, bob franken, thanks for your time this morning. >>> now, here's your "first look" at some of the other news going on around america. in new jersey, footage from a january accident, surve
Feb 21, 2013 5:00am EST
"the whiteehouse firessback.... ointing out boehner seeeed satisfied wwen - ittwws all set ii motton two 3 debt ceiling deal f 20-111 "when you look at this fiial agreemeet thaa we came to withh the white house, i got 98 percenn of what i wanted. i'm responded by e-mailing out an interview feaauring the chairman ffthe senaae finance committee maxxbaucus saying the president shares someeof the blame asswelll"the president's part of thee in august 2011, so now we'rr feeliin the effects of it." wiih the clock tickkng doww on the eege of yet another crisis.. preeident obama ays he's ready to make a deal to & delay the door is reforms on the table. i'm & willing to workkwith anybody - to get this joo one." 3 the mayor unveils a new - plan... to put baltimore on a heathlier financial path. path.thh so-called "change to prow" was presented to the & public... at the walters art gallerr wednesday. the plan includes cuttiig back on employee ensions... and charging city residents for trash and recylcing. the -3 mayor says thes moves will result in ct ii proo
Feb 16, 2013 8:00am PST
on in the present debt ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of immigrants. we should remember that in these debates. but florida has an interesting process, something the all states should adopt, but every 20 years, a group of 30 citizens are awarded by the governor, the speaker of the house, the senate, supreme court, to rewrite florida's constitution, every line of it. it does not go to the legislature. all those pesky lobbyists out there do not get a chance to lobby one way or the other. goes right to the citizens of the state. took us two years to do that. we look at these issues. in florida's constitution, a quality education is now in the florida constitution. i do b
Feb 22, 2013 4:30am EST
, a resolution on federal spending budget expires and congress takes up the debt ceiling again. anne-marie? >> susan mcginnis in washington. thank you. >>> well, it now appears that former senator chuck hagel will get the votes he needs to be confirmed as the next defense secretary. his colleagues have been stalling his nomination but yesterday alabama's richard shelby said he would vote for hagel, putting the vote over the top. al vote is expected next week. oopz >>> and it turns out that the flu vaccine is doing a dismal job of protect older people against this year's harshest strain of the flu. the centers for disease control says the vaccine is only 9% effective in patients 65 and older against the toughest strain of flu causing more than three-quarters of this year's illness. senior citizens are in this age group most vulnerable to the flu. >>> coming up on the "cbs morning news" a shoot-out on the strip. it ends up with a shooting and fiery crash on las vegas's most famous boulevard. this is the "cbs morning news." fiery crash on las vegas's most famous
FOX Business
Feb 21, 2013 7:00pm EST
of this before. are very on president. we heard it in the debt ceiling debate. we heard it in the run-up to the fiscal cliff. remember this thread during the debt ceiling debate back in the summer of 2011? >> i cannot guarantee that those checks go out on august 3rd if we have not resolve this issue because there may simply not be the money in the coffers to do it. this is not just a matter of social security checks, veterans' checks, folks on disability and their checks. about 70 million checks that go out. lou: more recently in the linda congressional session in the fiscal. >> debate, president obama issued his threat. >> what has been holding us back is the dysfunction here in washington. and if people start seeing that on january 1st this problem still has not been solved. if they save that people's taxes have gone up, which means consumer spending is going to be depressed, then obviously that will have an adverse reaction on the markets. lou: and, of course, that is exactly what has transpired as we now approach the onset of sequestered. took a long time, but president obama toda
Feb 21, 2013 10:00am EST
, the debt ceiling fight was -- we obviously, there were thoughts given to the real that -- >> when did you move? >> february 2011. >> but it kicked into high gear and that is when everybody -- the gym was putting the mechanism in place, putting the mechanisms in place. we were doing the early things that had begun. but i think everyone got very, very focused, at least on the message side. that was a line of demarcation, the debt ceiling fight. our numbers were as bad as they were throughout the whole president's. -- presidency. the creditors and washington were swirling around. all folks were nervous. and it was clear that we were now in a situation where we had to fight and we had to pull out of the nose dive we were in. but the mechanism was already -- there were mechanical things that had to be done. one thing we do is they were going to have a big primary and we would have time to put things in motion while they were busy that would ultimately redound to our benefit. >> take me through when you guys started operationally -- part of it is just, what you have to start the things to build
Feb 21, 2013 1:00am EST
of a sensation that got us going. >> 2010 election? >> no. the debt ceiling fight. there were thoughts. >> when did you move to chicago? >> it kicked into high gear. jim was putting the mechanisms into place. we were doing the things that had to be done. i think everyone that very focused, at least on the message side. the debt ceiling fight pr, the numbers were as bad as they were throughout the whole presidency. the predecessors in washington were swirling around. our folks were nervous. it is clear that we were now in a situation where we had a fight and had to pull out of it. >> but the mechanism -- >> the mechanical things had to be done. we knew there'd be a big red married. we would -- there would be a big primary. it would come down to our advantage in terms of organization. >> when did you begin operationally? to do the programs and other things? >> i was there for 2009 and 2010. we knew what would come for the reelect. there were a lot of things that were under the radar. building on some of the internal polling that we did and really honing our 50 state strategy and training voluntee
Feb 23, 2013 4:00am PST
shutdown in april 2011, the debt ceiling showdown that summer, the fiscal cliff on new year's eve, and this -- i think -- and there will be another fight over government spending by the end of march. we have been seeing this for two years and maybe george will is right. most people saying, gosh, they are sorting it out and we'll ride it out. >> people need to understand that it is going to hit them in a really palpable way, i am looking at other departments. a nationwide shutdown of meat and poultry plants. furloughs, inspection personnel. will be pay higher prices? less beef and chicken? will it be safe? part of that is what the sequester is. you look at the latest pew poll, the public wide until favor of the president's approach on the sequester. on the other side, republicans, some tea partiers feel beholden to local constituents to not raise taxes another dime. does neither party have the incentive to resolve this quite quickly? >> that's a tough one, alex. the president and white house are counting on fact that they do have public support behind them. they say they don't look
Feb 23, 2013 10:00am PST
the 2011 debt ceiling debacle. they were passed by congress and signed by the white house. worst-case scenario that would be so bad it would force lawmakers to make a deal. now it's become a poisoned pill that the nation may have to swallow beginning march 1st. and if it happens, 70,000 children kicked off head start programs, putting more than 14,000 teaching and staff jobs at risk. fewer inspections for things like horse meat in your burgers, cuts to mental health programs mean almost 400,000 seriously mentally ill people will go untreated. homeland security drawdowns would result in longer wait times at airports and scaled-back cybersecurity would mean more vulnerability to attacks from hackers in china and at home threatening our infrastructure. furloughs and layoffs would affect more than 800,000 workers in the defense industry at the same time that north korea is testing a nuclear bomb. cults at the irs would mean fewer tax return reviews and longer waits to get refunds. and more than 100,000 people would be thrown out of emergency housing and onto the streets. one way or a
Feb 18, 2013 10:30am EST
. and we have sort of the best to come yet because we had to decide on the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. and i think we will do it here, but it would be nice if we didn't have to go to the cliff each time to do it. >> and again, when you start talking about the kind of relationships and the kind of leadership, we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal. in getting it done. he approached the whole goal of growth and jobs, and that is the answer to all of this. he also talked a lot about -- we'll sense that if the european situation got worse and they represent 23% of world gdp, the effect that is going to have on the united states, india, brazil, it's going to be real. and so with 40% of exports coming into the united states and so forth, all of the sudden we start to see the effect on the o
Search Results 0 to 49 of about 253 (some duplicates have been removed)